investment properties prime residential property … · 65,200 sf of commercial and 2,200 parking...
TRANSCRIPT
Any information herewith is obtained from sources we consider reliable. However, we are not responsible for misstatement of facts, errors, omissions, prior sale, withdrawal from market, modification of mortgage commitment, terms and conditions or change in price without prior notice. The information supplied herein is for informational purposes only and shall not constitute a warranty of assurance that said information is correct. Any person intending to rely upon the information supplied herein should verify said information independently.
PRIME RESIDENTIAL PROPERTY MUSP APPROVAL PERMITS: 1,590 RESIDENTIAL UNITS 66,000 SQ. FT. COMMERCIAL 12.05 +/- ACRES
1801 - 51 DELAWARE PARKWAY, MIAMI, FLORIDA 33125
KATSIKOS G
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UP IN
VESTMEN
T PRO
PERTIES
CONTACT: Jorge A. Davila, P.A.
(305) 717-1880 [email protected]
THE OPPORTUNITY The Katsikos Group, as exclusive marketing advisor, is pleased to present Miami River Rapids, a 12.05 acre development land opportunity located right of NW 27th Avenue and the Miami River. The site is currently zoned T6 8 Open under the newly adopted Miami 21. In 2006, the city commission approved a high density development known as “Miami River Rapids.” There are existing entitlements permitting up to 1,590 units in four towers ranging from 12—15 stories, 65,200 SF of commercial and 2,200 parking spaces. The existing development order has been extended to October 30, 2016. The original developer, A+ Self Storage Group, conducted the land assemblage, secured the entitlements, and currently operates one of their self– storage facilities from the property. TKG believes that in today’s market, the lands highest and best use is for multi-housing development. There is a limited supply of large sites within Miami, particularly on the Miami River, making Miami River Rapids a prime infill location. Ideally located just south of the Miami River and one minute north off the NW 27th Avenue interchange at SR 836, the site is located in one of the most dynamic rental submarkets in Miami-Dade County. The site offers high drive-by visibility (or easy access) as it serves as a convenient pass-through between the highly traveled SR 836 (69,000 cars daily) a major east-west artery connecting Miami’s Civic Center and Downtown. Developers will be attracted to the site due to its (Miami River) location, easy access to major thoroughfares and main employment centers.
Any information herewith is obtained from sources we consider reliable. However, we are not responsible for misstatement of facts, errors, omissions, prior sale, withdrawal from market, modification of mortgage commitment, terms and conditions or change in price without prior notice. The information supplied herein is for informational purposes only and shall not constitute a warranty of assurance that said information is correct. Any person intending to rely upon the information supplied herein should verify said information independently.
LOCAL DEMOGRAPHICS
1 Mile 3 Mile 5 Mile
2009 Estimated Population 26,737 224,380 436,220 1 Mile 3 Mile 5 Mile 2011 Projected Population 27,871 258,746 556,882
2011 Estimated Households 9,733 95,513 206,088
2011 Average Household Income $35,103 $32,478 $41,062
PROPERTY FEATURES Unique Riverview Parcel Acreage: 12.05 acres South Side of Miami River Zoning: C –1 (Miami: Restricted Comm.) C - 2 (Miami: Liberal Commercial) Newly Adopted Miami 21 Zoning T6 - 8 Open Entitlements: 1,590 Residential units Four Towers 12—15 Stories 66,000 SF retail space 2,200 parking spaces Gross Building Area:1,721,000 SF 2005 Appraised Value: $55,000,000 MUSP Permit: Major special use
permit extension, 2016 Approved Project: Miami River
Rapids Former Developer: A+ Self
Storage Access: NW 27th Avenue; SR 836,
Delaware Parkway, NW S. River Dr 2013 Taxes: $198,251 Asking Price: $41,350,000 Price PSF: $78.77 Price BSF: $24.02buildable SF Price per Door: $26,000/door
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2011 Estimated Median Income $27,261 $23,226 $30,156 1 Mile 3 Mile 5 Mile 2011 Estimated Owner Occupied 3,429 30,998 82,493
2011 Estimated Renter Occupied 5,760 62,779 125,031 1 Mile 3 Mile 5 Mile
GROUND FLOOR PLAN
1801 - 51 DELAWARE PARKWAY MIAMI, FLORIDA 33125
NW
27th AVENU
E
Any information herewith is obtained from sources we consider reliable. However, we are not responsible for misstatement of facts, errors, omissions, prior sale, withdrawal from market, modification of mortgage commitment, terms and conditions or change in price without prior notice. The information supplied herein is for informational purposes only and shall not constitute a warranty of assurance that said information is correct. Any person intending to rely upon the information supplied herein should verify said information independently.
2011 Estimated Population 29,964 257,084 553,066
2013 Estimated Population 30,924 260,716 559,617
2013 Estimated Households 10,711 95,959 207,246
2011 & 13 Est. Owner Occupied 3,720 30,860 81,876
2011 & 13 Est. Renter Occupied 6,219 62,586 124,764
2011 Average Household Income $33,827 $32,349 $41,190
2013 Average Household Income $33,794 $32,327 $41,177
2011 Estimated Median Income $25,364 $23,221 $30,298
2013 Estimated Median Income $25,528 $23,266 $30,336
Any information herewith is obtained from sources we consider reliable. However, we are not responsible for misstatement of facts, errors, omissions, prior sale, withdrawal from market, modification of mortgage commitment, terms and conditions or change in price without prior notice. The information supplied herein is for informational purposes only and shall not constitute a warranty of assurance that said information is correct. Any person intending to rely upon the information supplied herein should verify said information independently.
CONTACT: Jorge A. Davila, P.A.
(305) 717-1880 [email protected]
PRIME MIAMI RIVERVIEW INFILL DEVELOPMENT SITE
1801 - 51 DELAWARE PARKWAY, MIAMI, FLORIDA